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Govt Likely to Withdraw Excise Duty on Property Transfer

The Pakistani government is considering the withdrawal of the excise duty on property transfers, as reported by ProPakistani on February 10, 2025. This decision comes in response to widespread criticism from real estate stakeholders who argue that the duty has significantly slowed down property transactions and investments. The excise duty, initially introduced to curb speculative buying and generate revenue, has instead led to a market slump, affecting both buyers and sellers. The potential removal of this duty is expected to stimulate the real estate sector, encourage investment, and facilitate easier property transactions. However, the government has not yet made an official announcement, and discussions are still ongoing regarding the implications of this policy change.

Read the Full ProPakistani Article at:
[ https://propakistani.pk/2025/02/10/govt-likely-to-withdraw-excise-duty-on-property-transfer/ ]